Electra Announces Federal Government Support for Completion of North America’s Only Cobalt Sulfate Refinery
Electra Battery Materials Corporation (ELBM)
Company Research
Source: GlobeNewswire
(All amounts in $C unless otherwise specified) TORONTO, March 21, 2025 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce receipt of a Letter of Intent ("LOI") for proposed funding of $20 million. The funding will support completion of construction and commissioning of North America’s first battery grade cobalt refinery which will enable domestic production of up to one million electric vehicles annually. “We are grateful to be working with the Government of Canada. Today’s announcement underscores their commitment to advancing North American energy security and critical mineral independence,” said Electra CEO, Trent Mell. “Electra’s refining complex is a cornerstone of this collective effort, providing a strategically unique solution to strengthen and diversify the region’s critical minerals supply chain. By addressing domestic shortfalls and reducing reliance on China, where approximately 90%
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ELBM
News
- Electra announces $5.5M at-the-market offering [Seeking Alpha]Seeking Alpha
- Electra Establishes At-The-Market OfferingGlobeNewswire
- Electra Battery Materials: Building North America's Battery Supply Chain [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Electra Battery Materials (NASDAQ:ELBM) had its "sell (e+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Electra Battery Materials (NASDAQ:ELBM) had its "buy" rating reaffirmed by analysts at HC Wainwright.MarketBeat
ELBM
Sec Filings
- 12/22/25 - Form 6-K
- 12/12/25 - Form EFFECT
- 12/11/25 - Form 424B5
- ELBM's page on the SEC website